Update August 15, 2015

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Greek MPs back €85bn bailout deal

Sumel Sarker

greek mp

Greek MPs back €85bn bailout deal

15 August 2015, Nirapad News: Greece’s parliament has backed draft terms for a third bailout in five years after talks that lasted through the night and well into the morning.

The proposed deal involves tax rises and spending cuts in return for a bailout of about €85bn (£61bn, $95bn).

Greece Prime Minister Alexis Tsipras also survived a significant rebellion within his own Syriza party.

The terms of the bailout will be discussed by eurozone finance ministers later on Friday.

The deal received 222 votes while 64 opposed the deal.

But there were 31 “No” votes from Syriza members, and 11 abstentions – the biggest rebellion within Tsipras’ party so far. The rebels represented almost a third of all Syriza’s MPs.

Reports in Greece said the prime minister will ask for a confidence vote before parliament in the next week.

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